Celestica, Inc. (NYSE:CLS) Receives $427.42 Consensus Price Target from Brokerages

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) have been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $427.4211.

A number of equities analysts have weighed in on the company. BMO Capital Markets upped their price target on Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and upped their price target for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Rothschild & Co Redburn assumed coverage on Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price target for the company. Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Citigroup upped their price target on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th.

Celestica Trading Down 0.4%

NYSE:CLS opened at $360.66 on Friday. Celestica has a twelve month low of $144.27 and a twelve month high of $474.02. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $383.91 and a two-hundred day moving average price of $327.83. The company has a market cap of $41.47 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 0.84 and a beta of 2.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The business’s revenue was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, analysts expect that Celestica will post 9.51 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert Mionis sold 18,176 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the sale, the chief executive officer owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. This represents a 23.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Celestica

Several large investors have recently made changes to their positions in CLS. Spark Investment Management LLC increased its position in Celestica by 17.4% during the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after buying an additional 4,000 shares during the period. Spire Wealth Management increased its position in Celestica by 354.3% during the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after buying an additional 4,663 shares during the period. William Blair Investment Management LLC bought a new position in Celestica during the 3rd quarter worth $28,924,000. CIBC Asset Management Inc increased its position in Celestica by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after buying an additional 31,086 shares during the period. Finally, Norges Bank bought a new position in Celestica during the 4th quarter worth $456,511,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.